What's the significance for banks and our economy? First, there will be fewer credit options for the 90% of small businesses and consumers who revolve their credit card balances at least once a year. Second, people cut out of the banking system who can't get by without credit will turn to small financial shops, including predatory lenders, and likely pay heavy fees and interest rates.
"The unintended consequence [of reform] is that so much more credit is going to be taken out of the system," she says.